Monday 19 August 2019

Gold Prices Drifted Lower As Equities Moved Up On Increased Risk Appetite

Gold trading range for the day is 37439-38469.

Gold prices drifted lower as equities moved up on increased risk appetite amid hopes global central banks would step up stimulus to boost growth.

Prices remained under pressure after global financial markets regained footing, as China hinted at more support for its economy.

Investors will shift their focus to the Federal Reserve's annual symposium next week.

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